Last Updated: 10th June 2015 07:32 AM AC Muthiah dismissed … Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. Access the exclusive Economic Times stories, Editorial and Expert opinion, Sharp Insight-rich, Indepth stories across 20+ sectors, Mirae Asset Emerging Bluechip Fund Direct-Growth. I have formed these two trusts and transferred certain properties and assets to them,” said Ramaswamy. Ramaswamy had an older brother Muthiah, upon whose death in 1970 at the age of 40, Ramaswamy inherited the title Kumar-rajah of Chettinad and Chairmanship of the Chettinad Group of Companies. The S. Rm. Much has been reported about the feud between MAM Ramaswamy, grandson of Raja Sir Annamalai Chettiar, and Ramaswamy’s adopted son MAMR Muthiah, formerly … Read more about No compromise with foster son, says M A M Ramaswamy on Business Standard. The assets thus denied to Muthiah will go into the Chettinad Charitable Trust and MAM Ramaswamy Chettiar Trust, both newly formed and registered in Ramaswamy’s name. But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Nation Download The Economic Times News App to get Daily Market Updates & Live Business News. He has allegedly kept tabs on how Ramaswamy, a philanthropist and a lavish host, spends his wealth and dismissed dozens of employees who had been loyal to the family for decades. The long-running family feud between industrialist and former chairman of Chettinad Group M A M Ramaswamy and his adopted son M A M R Muthiah (also known as Ayyappan) intensified on Tuesday with the father rejecting the son's truce offer. Read more about No compromise with foster son, says M A M Ramaswamy on Business Standard. Ramaswamy declaring on Tuesday that he had disowned his adopted son M.A.M.R. Follow us for updates, First case registered in UP's Bareilly under anti-conversion law, Oxford vaccine: Serum Institute to seek emergency use authorisation in 2 weeks, Accept Amit Shah's appeal for talks, Amarinder urges protesting farmers, 52% turnout as first round of voting recorded in J&K's DDC polls, All that glitters is not gold: Diamond rush in Nagaland's coal heartland, Dilli Chalo: Farmers reach capital border, cops fire tear gas at them, Bruce Lee's 80th birth anniversary: 25 inspirational quotes of the iconic actor, Cyclone Nivar: Flood repair in full swing as Chennai, Puducherry limp back to normalcy. The views expressed in comments published on newindianexpress.com are those of the comment writers alone. His property and shares are being bequeathed to two charities “His name has been struck from the temple where the adoption took place.” Efforts to make this a legal disowning, according to Ramaswamy, are also in the works. He was president of the Indian Hockey Federation when India won the World Cup hockey title in Kuala Lumpur in 1975 and the Olympic Gold at Moscow in 1980. This will alert our moderators to take action. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. CHENNAI: The palace wars have broken out again. Ramaswamy’s adopted son and sole heir, MAMR Muthiah, 43, aka S Ayyappan, took over the reins of the Chettinad Group from his rather uninvolved predecessor in 1999. All of the family’s prodigious assets left under Ramaswamy’s control will now go into two charitable trusts, due processes for which are already underway. “I have decided that every bit of what is left with me should go into charity. Ramaswamy was born in Madras on 30 September 1931, the second son Sir M. A. Muthiah Chettiar, the Kumar-rajah of Chettinad and his wife. Muthiah, who now heads the … They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. The foster son of MAM Ramaswamy, the octogenarian patriarch of the Chettinad family that runs a Rs 4,000-crore business empire, has alleged that former BCCI chief and Ramaswamy's cousin AC Muthiah has created documents with Ramaswamy's thumb impressions in an apparent attempt to transfer wealth. Ramaswamy disowned his son Ayyappan after being cheated of all his properties and trusteeships My son should not light my funeral pyre, says Chennai industrialist MAM Ramaswamy Tomorrow is different. BJP 'captured' party offices in Suvendu's home turf: TMC, US Treasury extends TikTok sale deadline to December 4, TTD releases white paper on immovable assets of temple, SEBI bars NDTV promoters, others in insider trading case, Jurgen Klopp's mood sours further as Liverpool drops points late, Aim to make people laugh with 'Coolie No 1': Varun Dhawan, The Morning Standard | Dinamani | Kannada Prabha | Samakalika Malayalam | Indulgexpress | Edex Live | Cinema Express | Event Xpress, Contact Us | About Us | Careers | Privacy Policy | Search | Terms of Use | Advertise With Us, Home | Nation | World | Cities | Business | Columns | Entertainment | Sport | Magazine | The Sunday Standard, Now we are on Telegram too. Disclaimer : We respect your thoughts and views! Industrialist and former Rajya Sabha member MAM Ramaswamy, 84, on Tuesday disowned his adopted son MAMR Muthiah. Ramaswamy MAM Ramaswamy, the third-generation patriarch of the Chettinad group, announced that he has completely disowned his adopted son MAMR Muthiah. Ramaswamy has been in the business since 1952 under his father Muthiah Chettiar. Published: 10th June 2015 06:03 AM  |   Ramaswamy was also a maternal cousin of former Indian finance minister, P. Chidambaram. The ongoing tussle between MAM Ramaswamy, founder and promoter of the multi-billion-dollar Chettinad Group, and his adopted son MAMR Muthiah to gain control of the business empire took a … Tuesday, September, 22, 2020. Ramaswamy also declared that Muthiah should not … Let's reshape it today, Hunt for the brightest engineers in India. “He will not get a penny of the remaining assets that I still control. “The rest will be done in a phased manner,” he added. The Chettinad Group patriarch’s statement comes in the wake of a long and bitter feud between father and son, heavily publicised in the media.

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